Hindware Home Innovation Limited has informed the Exchange regarding Appointment of M/s. Protiviti India Member Private Limited as Internal Auditors of the Company for the financial year 2026-27.
HINDWAREAP · price
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Hindware Home Innovation Limited reported FY2026 consolidated revenue of Rs 2,510.28 crore, marginally down from Rs 2,522.99 crore in FY2025. The company significantly narrowed its consolidated net loss to Rs 39.31 crore from Rs 68.77 crore in the prior year. EBITDA improved substantially to Rs 232.52 crore from Rs 183.55 crore. The Board approved appointment of Protiviti India Member Private Limited as Internal Auditors for FY2026-27 and appointed Mr. Shashvat Somany as Additional Director w.e.f. July 1, 2026. No dividend was recommended for FY2026. Exceptional items of Rs 52.58 crore included impairment losses on joint venture Hintastica and charges from discontinuing certain product categories. The auditors flagged a material uncertainty regarding going concern for subsidiary EVOK Homes, which has negative net worth and fully impaired investments.
While operational performance improved with higher EBITDA and reduced losses, the going concern warning for a subsidiary and ongoing net losses may keep investor sentiment cautious despite the positive operational turnaround.